Experience and Professionalism Foundations at Capital Group

Timothy D Armour is the Chairman and CEO of the Capital Group Companies. He also serves as Chairman of both The Capital Research and Management Company, affiliates of Capital Group. Armour is also in a member of Capital Group Companies Management’s committee. He has over three decades of experience in investment banking since he joined the company.

Before he was handed the CEO position of the enterprise, he was the deputy to James Rothenberg, the former head of the firm. Rothenberg passed away in June 2015 at the age of 69. He was responsible for the rise of Capital Group as one of the world’s largest investment management firms. It was after his death that the Board of Directors at Capital Group decided to give Armour chairmanship of the company. Armour started his career at the firm in 1983 as an attaché in the company’s Associate Program before becoming an investment analyst. He graduated from Middlebury College with a bachelor’s degree in Economics.

Capital Group is a private financial services company founded in 1931. It is among the largest investment firms in the world with an employee base of more than 7000 persons and assets worth $1.39 trillion. Its headquarters are in Los Angeles, California. The company provides services in research and investment in America, Canada, Europe, and Asia. Janet Yang, an investment research analyst, gave the company A rating for its consistently high-level performance over the years. She said choosing the business is a no-brainer as the company has continued to advance over the years putting detailed attention into investments and long run end results. She further praised the firm saying it is a model example of a stable investment culture with outstanding portfolio managers such as Armour and Clifford.

The company broadened its operations further after announcing a strategic partnership with Korea-based Samsung Asset Management. The agreement established that Capital Group would assist SAM in instituting the Capital Group management style while providing management expertise in business and client management. The companies are expected to work together in coming up with asset allocation products and solutions for Korean investors. It is in line with SAM’s agenda in becoming one of Asia top management companies. Armour maintained that the long run plan of the partnership is to come up with investment solutions aimed at satisfying retirement and insurance-related needs of investors in the Korean market.

Read More: American Funds Flows on Track to Break Even – Executive

Handy Home Cleaning and its Struggle to the Top

For the first few months of 2016, Oisin Hanrahan, had a rough time on Tuesday mornings when the Handy Home Cleaning firm held its weekly executive team meeting at its headquarters situated in New York. He had to display one power point slide after the other, showing how terrible the strategies he had supported were performing. It was at a time when Handy wanted to transform the criteria of selecting new cleaners (pros). This transformation was advocated by Hanrahan and he aimed to roll out an online onboarding procedure in all its markets.

Since this idea was proposed in 2014, Umang Dua, Hanrahan co-founder opposed it. He argued that the application process would not be completed without human intervention. Nevertheless, they had an agreement on running a test and evaluate the results. The new system was recruited in Washington, D.C., and Miami, in January 2015. In November the same year, the two were still debating on whether to integrate the idea in all the markets when the company got $50 million Series C venture capital. This additional capital brought both relief and stress to the company. All the potential investors they approached declined to fund the firm. It left them with no choice but to implement the online onboarding strategy in all the markets, which Hanrahan speculated would save millions of dollars.

The major problem was that Dua was right. The online onboarding led to a 40% increase in bookings, https://www.handy.com/services. Handy was forced to cancel many bookings as the order surpassed the number of pros. Clients were furious. The engineers worked on the platform, and the system’s performance showed significant improvement, proving that Hanrahan had made the right choice. Handy took the advice of its investors not expand to new cities, but to grow in its current markets. Currently, the company receives millions of booking which it is now able to manage.

Hanrahan and Dua were classmates at Harvard Business School. They came up with the idea of Handy while sharing an apartment in Cambridge. They launched Handy In 2012. Recently, Handy started a delivery and assembly service for furniture. It looks forward to delivering other items.

 

American Fund Portfolio Manager Shares Insight

China’s economy experienced an economic crisis, causing its currency to devalue and market selloff in September 2015. Investors and trading partners across the world became fearful and sought refuge after the drop in Chinese stocks. To help stimulate China’s economy and regain the trust of global investors, the government lowered its interest rate and eased reserve requirements for banks.

American Fund Portfolio Manager Tim Armour shares his opinions on specific areas of interest for investment opportunities in China, interest rates, and the economy in the United States. Mr. Armour has 34 years of experience in the investment management industry, nationally and internationally, and provides informative opinions as an author and Chairman leader.

His educational and career background has provided him with expertise to share with investors based on analysis and global market conditions. Timothy Armour is a Middlebury College graduate, earning an economics BA degree and serving 33 years at Capital Group, in Los Angeles. He joined the firm as an internist and received career growth, serving as Equity Investment Analyst, Equity Portfolio Manager, Chairman, and Chairman of Management Committee. Mr. Armour is presently serving the committee to communicate set strategies and implementation of them. He’s committed to Capital Group and has history contributing to its growth in the U.S., Europe, and Asia.

Related: Capital Group Parent Names Armour Chairman, Replacing Rothenberg

American Fund Portfolio Manager Timothy Armour believed that despite the selloff in China, in 2015, there were alternative investment opportunities. He said there were opportunities outside of the country, but the Chinese internet companies looked more attractive at the time. Corrections of the market benefited these companies for possible investment opportunities after valuations were higher, in 2015. Although, China’s economic growth rate was slow in September, Mr. Armour expected it will be faster compared to other economies. He was confident multinational companies should continue to grow sales in China.

Concerning interest rates and the economy, Timothy Armour says the United States Federal Reserves should have raised its interest rate. The economy wasn’t growing in mid-2015 and near zero interest rates may have caused it to be in stand-still mode. Investors began to take undue risks and were forced to the move their assets to alternative investments. He says when a short term interest rate is raised gradually, the financial system becomes stronger and the economy gets healthier. Mr. Armour is hopeful his advice and opinions on past economic events benefit investors and companies.

Click here to learn more about the Capital Group.

 

Sam Tabar: Productivity And Responsibility

One thing that could be said for Sam Tabar is that he is one of those people who is very productive. For one thing, he has a zeal for life that takes him very far. As a successful businessman, he has taken steps and have learned things that other businessmen have not been able to do in spite of their success. Sam Tabar is someone who has lived life to the fullest. At the same time, he is able to show respect and be humble about what he is doing. He is an example of someone who is able to make a lot of productive choices.

Sam has traveled to different countries and has learned a few languages in order to help him communicate with some other people. He has also studied law and worked as an attorney at a law firm. This is one of the most important types of information that one could learn. For one thing, people who know the law will be better able to obey. As a result, they will find themselves free of trouble. Sam Tabar has also studied finances. Law and business go hand in hand because people need to know how to make money in an ethical manner.

Sam has also shown that he is financially responsible. He has worked for different financial institutions and helped clients make the right decisions for their business. One company he has worked for is Merryl Lynch (Bank Of America). He has recently gained the position of Chief Operations Officer at FullCycle Energy Fund. Sam has shown that he is trustworthy and responsible when it comes to finances.

Sam is a man of many talents. He is also someone that is constantly making progress and seeking out new activities to take part in so that he could continue growing.

Flavio Maluf’s Achievements As The Eucatex President

About the Eucatex Group

The Eucatex Group was developed in 1951. It is the topmost producer and marketer of eucalyptus wood fiber insulations and liners. The company currently serves several multi-national furniture manufacturers and industrial construction companies. The company’s Construction Industry segment deals with paints, laminate floors modular partitions, and doors. The Eucatex Furniture division is the largest MDP, Tamburato, and wood fiber plate manufacturer. The products are created from most advanced technology and eucalyptus wood. The Eucatex group is reputable for its environmentally friendly products. It has received the ISO 14001 and FSC® Certifications. These qualifications are proof of the company’s value for the environment and its sensible handling of industrial wastes.

About Flavio Maluf

Maluf has established his dutiful entrepreneurial expertise to build the once unpretentious Eucatex into a prime international construction furniture manufacturer. Flavio Maluf joined the company in 1987. He is the current chairman of the company. Maluf also operates in the Eucatex trade areas. Maluf has worked under this department for almost ten years before being appointed as the Chief Executive Officer of the company in 1996. Maluf has been outstanding in the peak administration spot of the company. Flavio Maluf has modernized Eucatex and led the company’s primary objectives of opening other agencies across the world.

Maluf graduated from the Fundação Armando Alvares Penteado Foundation University in Sao Paulo with a broad knowledge of the corporate business world. He also attended the New York University Management School. The knowledge settings present him with the unparallel corporate business advantage that made him the remarkable entrepreneur. He also transformed Eucatex into an International exporter with its products supplied to more than thirty global countries. It is important to note that Maluf has been an inspiration and top leader of the Brazilian Eucatex Group.

The Eucatex Manufacturing Division in Salto, Sao Paulo

Eucatex Group recently established an industrial manufacturing plant in Salto, Sao Paulo state. This Salto-based industry manufactures Thin High-Density Fiberboard and Medium Density Fiberboard (T-HDF and MDF). The company owns another recovery plant that recycles wood residue. The facility aims to protect the environment and avoid landfill wood residues that lead to environmental pollution.